According to Inkwood Research, the Global Activated Carbon Market is estimated to grow with a CAGR of 7.20% in terms of revenue during the forecasting years of 2023-2032.
“Browse 56 Market Data Tables and 41 Figures spread over 180 Pages, along with an in-depth TOC on the Global Activated Carbon Market Forecast 2023-2032.”
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As a processed form of porous carbon, activated carbon is manufactured from organic materials possessing high carbon content, like coal, wood, and coconut shells. The activation procedure entails the carbonization of raw materials, followed by treating them with chemicals or oxygen.
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Increasing Demand for Water & Sewage Treatments Facilitates Market Growth
Although 70% of the Earth is covered with water, it is still a diminishing resource. Besides, the total usable freshwater supply for humans, as well as the ecosystem, is only 0.5%. Since the world population and their demands are continually rising, the need for water treatment and water purification is anticipated to depict growing trends. Activated carbon is a vital part of the water purification process; it removes contaminants like dyestuffs and color compounds, adsorbable organic halogens (AOX), non-biodegradable organic compounds (COD), chlorinated or halogenated organic compounds, and others.
Wood: Leading Raw Material
Wood-based activated carbon is essentially produced from designated kinds of sawdust and wood, either by phosphoric acid activation or steam. The majority of pores in this carbon type are in the mesopore and macropore regions, ideal for liquids and water decolorization. Moreover, wood-based carbon is mainly used in wastewater and surface water filters to effectively eliminate organic impurities and larger molecular structures, including Geosmin and MIB (2-Methylisboreneol).
Asia-Pacific to Lead & Dominate the Global Market by 2032
The Asia-Pacific activated carbon market is projected to observe rapid growth over the forecast years, owing to the rising demand for water treatment applications. Likewise, with significant industrialization in developing countries like China and India, activated carbon consumption across diverse applications, such as mercury control and air purification, is continually increasing.
The activated carbon market is consolidated among key enterprises and fragmented among native firms. Thus, the degree of industrial rivalry within the activated carbon market is anticipated to be high over the forecast period. Key companies in the market include Osaka Gas Chemicals, Cabot Corporation, Kuraray Corporation, etc.
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